Downsizing can be very liberating. You’ll be able to get rid of clutter and have a fresh start in a home that’s far more manageable. You may be able to release enough equity to remain debt and mortgage-free, with extra funds for your retirement and perhaps to help children through university or on to the housing ladder. According to Prudential’s latest downsizing index, 41% of over-55s plan to sell their current home, with three quarters of these hoping to downsize.
With its rugged coastline, stunning views and generally good weather, Cornwall is the UK’s most popular retirement destination
Image VisitBritain/Daniel Bosworth
1 FINANCIAL PLANNING